00:00I think his return is going to be a game changer for not only the U.S., but the rest of the world.
00:07The first most important message that he is going to make to U.S. investors and to
00:16international investors is that he will boost the U.S. economy to a faster growth,
00:23and he will do that with a number of measures. First, of course, will be the tariff measures.
00:31Now, a lot of people believe that the tariff measures will be very negative,
00:36not only for foreigners around the world, but for U.S. consumers. But the fact is,
00:42the main benefit of the tariffs will be more income to the U.S. government, which will reduce
00:48the deficit, the government deficit, spending deficit. And most of the businesses around the
00:55world are able to adjust to these tariffs, various measures. For example, devaluation of currencies
01:01vis-a-vis the U.S. dollar is one way. Another way is to change their supply channels and so forth.
01:08So I don't think the impact will be that great. But at the end of the day, the lower taxes,
01:16which President Trump is going to impose on companies in the U.S., will result in overall
01:25costs coming down in addition to, but even more importantly, the reduction of the bureaucracy.
01:31He's determined to cut down on the government interference in business, and that will lower
01:37costs quite significantly. In fact, probably the impact of less bureaucracy will be bigger.
01:45The impact will be bigger than the lower taxes. So all of these factors is going to result in higher
01:54U.S. growth, higher U.S. productivity. And of course, that's going to be good for the world,
01:59because the U.S. is a major buyer and exporter around the world, and many countries will benefit
02:08from that. And India, of course, will be a beneficiary of this trend.
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